The Mumbai-based company is eyeing a US launch in FY27, marking a pivotal moment for Indian pharma innovation.
While announcing the pharma tariffs, Trump did not specify if the levies would apply over and above the existing tariffs as defined with trade agreements with EU and Japan, and the UK.
Wockhardt shared the details of a successful use of Zaynich in treating an infection resistant to all available antibiotics in America.
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Continuing US generic operations would detract company from innovation agenda, says Wockhardt
Wockhardt share price: The sharp rise in the share price comes on the back of high trading volumes, with over 35 lakh shares worth around Rs 640 crore being involved in active trade in the first three trading hours of June 18.
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Wockhardt slashed its quarterly net loss to Rs 45 crore, boosted by revenue growth and a return to operational profitability.
Investigational antibiotic 'Zaynich' was successful in curing a severe drug-resistant infection in a 15-year old cancer patient in US.
Its revenue from operations during the reported quarter stood at Rs 721 crore. This marks a rise of nearly 3 percent from the Rs 701 crore revenue from operations reported in Q3 of FY24.
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Wockhardt's Zaynich, an investigational antibiotic, has been under evaluation for its efficacy in treating complicated urinary tract infections.
Central Drugs Standard Control Organization (CDSCO) approved antibiotic Nafithromycin, sold under Miqnaf brand, as a new treatment for community-acquired bacterial Pneumonia (CABP) in adults.
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Habil Khorakiwala, Chairman of Wockhardt had previously said that once the trials are complete, the company will seek necessary regulatory approvals and hope to be in the market 'some time in 2026'.
International business now contributes 77% to Wockhardt's revenue, with biosimilars clocking 30% on year growth in emerging markets.